-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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So if he’s not entitled to his pension then shouldn’t the pension payments he already received offset the $543K.
And Johnson promptly deposited the money into the People’s Working Party for Social Reform bank account.
I CANT BELIEVE IT
I’m sure the wife aided and abetted in these crimes and or profited from them.
So he was handed a check for $550K at 80yrs of age so in effect it has almost zero impact on the thieving former alderman.
Well it’s his money that he contributed over decades. It’s the only legal choice that could be made.
Or you could prove that he was a crook and not deserving of being paid to be one and keep the loot. Bank robbers and drug dealers don’t get to keep their ill gotten gains last time I checked.
He’s only getting his contributions plus interest back. That’s how the law is written. Last time I checked it’s the law that matters not peoples beliefs or feelings.
and those contributions came from breaking the law
Now you’re just making stuff up. He was convicted of the crime and as such he is no longer eligible for his pension and his contributions to the pensions are returned along with interest earned. That’s the law and it’s being followed. You’re living in an alternate universe of facts. Try not to lie so much.
YEP……not lyin’
It’s worse that you actually believe it. I thought you were just lying but instead you displayed your massive ignorance.